REGISTERED COMPANY NUMBER: 06870731 (England and Wales) REGISTERED CHARITY NUMBER: 1132687 Report of the Truste¢s and Unaudited Financi&l Statements for the Yegr Ended 31 March 2024 for Congress Theatre Company O'Brien & Partners Accountants & Business Advisors l New Sireet Ponlnewydd Cwmbran NP44 1 EE
Congre55 Theatre Company Contents of the Finanelal Statements for the Year Ended 31 Mareh 2024 Page Report of the Trustees I to 3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financlal StAtement$ 7 to 11
Congress Theatre Company Report of the Trustees for the Year Ended 31 March 2024 The tNstees who 8re also directors of the charity for the purposes of th¢ Companies Act 2006, present their report with ihe financial statements of the charity for the Ye ended 31 Mah 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommcndcd PractiLe dpplicable to charitics preparing their ae¢ounts in accordance with ihe Fin8ncia] Reporting Standd applicable in the UK and Republic of Ireland (FRS 102) {cffcGtiv¢ l January 2019). OWECTIVES AND ACTIVITIES Objectives and aim5 The objectiycs tor which the charity is establishcd arc to provid4 Maintai improve and advan¢e the cducation of thc public in the arts and 5cicllcts" in particular the art and scicncc of the Theatre by prcscnthtion of public pcrfottnances and other similar activitic5 and therc ha5 becn no change in these during thc ycar. Significgnt activities Revenuc is dcrivcd from thc Theatre'.s main sourccs of income namely ticket sale4 commissions and hirc of Theatrc f&cilitics' bar and catering sales- and subscriptions. sponsorships and grants. Income from Theatre's Aclivilies'.- Overall the income from the sale of ti¢k¢ty commissions and Th¢atre hire (includkng thc Youth Theatre) totalled £248.870 {2023'. £218.587), showing an overall surplus {Icss thc cost of produ¢tions) of £8&939 (2023.. £76.948). This represents approxirn&lely 163 (2023=137) pn)ductions and 5,074 (2023.. 1,896) attending meetin8S.. Subscriptions, Sponsorship and Grants-.- During the period thc charity received grants totalling £41,(KIO (2023- £41,(KIO) from Torfaen County Borough Council. together with sundry ants totalling £12,700 (2023.. £23.800). Bar and Caterin8'.- Overall bar and catering income tota]led £38,651 (2023= £41,877). showing an overall surplus (less cost of sales) of £21.602 (2023.. £24,876). Overall a lola] of 69,285 (2023.. 58,711) people wer¢ using the Theatre during th¢ period with the number of people attending the perfomiances of 31.930 (2023.. 32,239) and other participators of 22,702 (2023: 26,472) which include attendees to d&y hircs and meetings held; people involved in the shows; people running the eventg. pupils attending classes of the Congress Youth Theatre. much apprcciatcd volunteers. and visitors to the Theatre. Public benefit The tmstees h&ve paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Thc truslrcs have reviewcd thc guidance published by the Charity Comtnission with regd$ to public benefit. They are 5atisfird that the charity mc¢ts the two key principlcs of public benefrt in that... l) Thc charity provides an idcntifi&blc benefit in their key aim to providc, maintain, improve and adv8nce educalion in the arls and Scienc tn particular the art and sciencc of thc the&lre by presentation ofpublic perfomiance8 and othcr similar aclivilies. 2) I'his benefit is madc availablc lo the gener public. STRATEGIC REPORT Financial review Financial position During the y¢ar the Theatrc tnade a surplu5 on unrestricted fund5 totalling £6.858 {2023'. surplus £2,286) with total unrestriclcd funds at the year end of £199.945 {2023'. £193,087). Of this loÉal, £61(KKI is designat as a redundan¢y fund. The reqiricted funds showed a deficit of £951 (2023: deficit £1 1.017) for the year on Youth Theatre activities. Total restricted funds at the year end were £25.729 (2023.. £26.680). The Theatre is reliant upon the continu¢d support of its volunte¢r members and on sponsorship and donations made by thc publi¢. local authorities and local employers. The Board of Tru5tccs are encouraged by the support shown so far and hope that this will continue. Page I
Congress Theatre Company Report of the Truslees for the Year Ended 31 March 2024 STRATEGIC REPORT Finaneial revlew Prineipal funding sources The principal funding sources of the charity are by way of ticket sales. hire of Theatre facilili¢S' bar and catering sales. and subscriplions, sponsorships and grants. Investment policy *nd objectives The B0d of Trustees have the power to invest in such assets as they see fi¢ monies not immediately required for the rtherancC of its objects. Reserves policy It is the policy of the charity that unrcstricled funds which have not been designaied for a specific use should be maintained a level equivalent to six month's expenditure. The trustees consider that reservcs at this level will ensure thaL in the event of a significan¢ drop in funding, Ihey will be abl¢ to continue the charity's current activities while Consideration is given to ways in which additional funds may be raised. This level of reservcs has becn maintained throughout the year. Future plfins The ¢harily plans on continuing the activilies outlined above in the forthcoming years subject lo satisfactory funding arrangements. The ¢harity is looking to recruit more members for the board with specialised skills in areas such a5 finance and l¢gal matters to help with the future dev¢lopm¢nt of the Theatre. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing documen¢ The Congress Theatre Company is an incorporal¢d ¢harity registered wtth the Charity Commission on 13 Nov¢mber 2009 {¢harity registration number 1132687) and constitutes a limited company? limited by guarantee, as defined by Companies Act 2006 and incorporated on 6 April 2009 (company registration number 06870731). Th¢ charity was forn)ed by the merger of The Congrcss Theatre Company, an unincotporatcd charity registered with the Charity Commission on 23 March 1993 (registration number 1019104) and governed by a Constitution adopted 16 June 1992 &8 amended l Mareh 1993. The charity was ori8inally formed to take over the running of ihe Theatre, although the building is still leased from Torfaen County Borough Council al a peppercorn rent. Recruitment and appointment of new trustees The ¢harity is governed by the Board of Trustees who are ele¢ted by thc members in accordance with ils constitution at the Annual General Meeting. The Trustccs serve for a p¢riod of one year and shall be eligible for r¢-appointmcnl. The Board includes Local Authority Coun¢illors who represent Torfaen County Borough Council's interest in the charity and the theatre. None of the trustees h&8 any beneficial inter¢5t in the company. All of thc Irust¢¢s are members of the company and guarantee to contribute £1 in the cvcnt of a winding up. Organisational structure The charity is govemed by thc Board of Trustees who meet every 6 weeks and have the responsibility of ensuring thal the charity operates within the law and within any Confines of any contract it has in place with oth¢r bodies such as Torfaen County Borough Council and grant giving organisalions. They ll]so ensure that the business of the organisation operates within thc t¢rn)s of the constitution and overall aims and objeciives of the ¢h8rily. The day lo day running of the Theatre is ¢ntrusted to profcssional managers who are responsible to the Board. Both volunteer and Board members assist ihese managers in this work. R¢lot¢d parties Two current memb¢rs of the Board ar¢ Local Authority Coun¢illors and two are Community Coun¢illors. The Theatre is in relpt of grants from Torfaen Counry Borough Council, the own¢r8 of ihe propcrty, and also from the local Community councils. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06870731 (England and Wales) Registered Charity number 1132687 Page 2
Congr¢55 Theatr¢ Company Report of the Trustees for the Year Ended 31 March 2024 Registered office 50 Gwent Square Cwmbran NP44 IPL Trustees Mr J Keech Chairnn Reverend H D Thomas MBE Company sccrctary Mr M Jones Treasurer Revwend D L Thomas Cllr B J Cunningham MBE KSG Cllr S J Brooks KSS JP Mr A Pippen Mr R Williams Mrs K Tuck The following ¥re elected mtmbers: Cllr S Ashl¢y- Elected Member TCBC Cllr D I'homas - F.lected Member TCBC Cllr S C Matthews- El¢cl¢d Member Croesyceiliog & Ll&nyravon CC Cllr A Bird - Elected Member Torfaen CC Independent Examiner G Francis O'Brien & Partner5 A¢¢ounlants & Busines5 Advisors I l New Sire¢l Pontnewydd Cwmbran NP44 IEE the Irusl¢¢s, incorporating a stralcgic reporL approved by order of the board of trustee& as the company directors, on and signed on th¢ board's behalf by.. - TTUStee Page 3
IndependeDt Ennthier's Report to the Trustees of Congress Th¢Atre Company Independ¢Dt examiner's report ¢0 the trustees ofcongress Thutre Company {'th¢ Company'} I reportto th¢ ¢Trwity tnle¢S on my examination ofthe accounts of th¢ Con)pany for th¢ y¢ar ended 31 March 2024. Respottslbllltle8 And basts of report As the ch&rity'S InJsiee8 of the Company (and its direckn for the PU0$¢$ of compatty law) you are rn1}le for th¢ preparntion of th¢ ac0 ill ac¢ordance with the r¢quirements of th¢ Companies Act 2006 ¢the 2006 Act,). Haling stitisfi¢d myself tbat the accounts of th¢ ComwdDy are not rg4Uited to Ix audite4 under Part 16 of th¢ 2(N)6 Act attd are eligible for indqKnd¢llt axamination. I report in respect of my ¢XaMion of your ch18 a¢Unts as Carri out wlder Section 145 of the Cknyties A¢¢ 2011 Cth¢ 2011 Ace). In ¢arryin8 1)ut my examinOll I have followed the Dir¢ctions given by the Charity Conunission under SeLtiOD 145(5) (b) of th¢ 2011 ACL llldependent ¢wDkner's 8tatemellt Since yow ¢lwity's gross income eXCe¢d £250,1th your examiner nllt be a member of a listcd body. I ¢an confjrni that I am qualified to undertth the eXaMition because I4m & tnember of the ttislitttte of Chartered Accowitants in En alld Wales, whi¢h is one of the listed bodies. I have Completed examinatson. I confjrn that no mattets bave ¢ome to my atttion in connKtion with the examination giving me cause to believe.. acClIDg rordS w¢r¢ notkept in resP¢¢t of th¢ CompaDyaS rquired by Sedion 386 of the 2(rfJ6 A¢L' or th¢ aOUnts do not $¢¢ord with those records. or the Counts do not comply with the accounting requirements of Section 396 of the 21Y)6 Act other than any [quirt that the accounts giv¢ a tsue and fair view which is not a matt¢rcotisideredas wt of an indepeDdettt 4xamItion. or the accounts have not been prepared in accordaDC¢ with the methods and principles of the Statement of Recornn*ed Pra¢ti¢¢ for accounting and reportiDg by ¢FltieS {appli¢abl¢ to clwities prepari their accounts in accordance th¢ Finan¢iftl Reporting Standard applicable in the UK aod Republic of Tr¢land (FRS 102)). I hav¢ no Collee 8nd hav¢ come acro&8 no other mattu5 in conntiOn with the exami0 to which attention 8houid be drawn in this reportin orderto ettable a proper understaTthg ofthe accoullts to be r¢8¢he4L D Jom FG4 OTrri¢n & Partner Ac¢ount8nts & Busititss Advisors I l New Street Pontnewydd Cwmb NP44 IEB
Congress Theatre Company Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total nds Unrestricted fidS Restricted nds Notes IIYCOMI£ AND ENDOWMENTS FROM Donttlions and l¢ga¢ies 13,245 6,870 20.115 7.718 Charitable activities Ticket salcs. hirc fecs and other theatrc income Grants and sponsorship 222.277 53,700 28,743 251,020 53,700 218.587 68.295 Other trading activitie5 Investment in¢ome Other income 38,651 2,511 14,363 38,651 2,699 14,363 41,877 612 12,844 188 Total 344,747 35,801 380,548 349.933 EXPENDITURE ON Raising funds 1411.575 30.136 178,711 163,970 Ch&ritAble artivities Ticket sales, hire fees and other theatre income 189,314 6,616 195,930 194,694 Total 337,889 36.752 374,641 358,664 NET INCOMEI(EXPENDITURE) 6,858 (951) 5,907 (8.731) RECONCILIATION OF FUNDS Total funds brought forward 193,087 26,680 219,767 228,498 TOTAL FUNDS CARRIED FORWARD 199,945 25.729 225,674 219,767 The notes fonn part of these financial statemenls Page 5
Congress Theatre Company Balance Sheet 31 Mareh 2024 31.3.24 Total fimds 31.3.23 Total fLmds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 34,686 165 34,851 31.715 CURRENT ASSETS Sto¢ks Debtors Cash at bank and in hand 633 19,160 247,105 633 19.610 273.141 633 11,082 242,508 450 .26,036 266,898 26.486 293,384 254.223 CREDITORS Atnounts falling due within one year 10 {101.639) (922) (102,561) (66,171) NET CURRENT ASSETS 165,259 25,564 190.823 188,052 TOTAL ASSETS LESS CURRENT LIABILtTIES 199.945 25,729 225,674 219.767 NET ASSETS 199,945 25,729 225,674 219,767 FUNDS Unrcstricted funds: Gcncral fLd Rcstrictcd funds 12 199,945 25.729 193,0117 26.680 TOTAL FUNDS 225.674 219.767 The charilable wmpany is entitlcd to exemption from audit under Section 477 of the Companies Act 2006 for the year ¢nded 31 March 2024. The members have not required the company to obtain an audit of its financial Statements for the ycar ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trust¢es acknowledg¢ their responsibilities for (a) cnsuring that the charitable company keeps accounting records that Comply wiih Sections 386 and 387 of thc Companies Act 2006 and preparing financia] qtatements which givc a Irue and fair vicw of th¢ slate of affairs of the charitablc company as al ihe end of cach finanLial year and of its surplus Dr deficit for cach fjrEanci&l year in accordanc¢ with thc requirement5 of Sections 394 and 395 and which otherwi5c comply with the requircmcnts of the Companic5 Act 2006 relating to fmancial gtaterncn so far as applicable to thc charitable cnmpany. (b) These financial statement5 have been prepared in accordance with th¢ provisions applicable to charitabl¢ compani¢s subject to the small companie5 regim¢. The financial statement5 were approv¢d by the Board of Trustees and authorised for issue on .... signed on its behalf by.. and were ch - Trustee The notes forni part of these financial statements Page 6
Congress Theatre Company Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitsblc LOTnpany. which is a public benefit entity under bRS 102, have been prepared in accorduncc with thr Charities SORP (FRS In2) 'Accounting and Reporting by Charities.. Statement of Recommendcd PltiCe applicable to ¢harities prcpaTing thciT ac¢ounts in ac£ordance with thc Financial Reporting Siandard applicablc in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Stsndard 102 'The Financial Rcporting SL2ndard applicable in the UK and Repuhlic of Ircland, and ih¢ Companics Aci 2006. The financial slatements havc brcn prepared und¢r the historical cost Lonveniion. In¢ome All income is recognised in thc Statement of Financial Activities once the charity has entitl¢mcnt to the fund5, it is probable that the income will be rcccived and the amount can bc measured reliably. Expenditure Liabilities are recogni5cd as expenditur¢ as soon as tl)ere is a legal or ronstructiv¢ obligation committing the charity to that expenditure, it is probable that a Iransfer of economic benefits will be required in settlement and the amount olthe obligation can be measured reliably. Expenditure is accounl¢d for on an ¢rua]S b&8is and has b¢¢n classified under headings that aggregate all ¢ost related to thc category. Where cosis cannot be direcily attributed to particular headings they have been allocated lo acliviti¢s on a basis consistent with the use of resources. Tangible fixed a$sets Depreciation is provided at the following annuai rates in order to write off each asset over its estimated useful life. Planl and machinery 151/ko on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving item5. Taxation Thc charity is exempt from corporation on its charilable activities. und accounting Unrestricted funds Ca be used in accordancc with the charitablc objcctives al the discretion of thc truslees. Designated funds comprisc unreslri¢ted funds that hav¢ been put asidc by the trllstees for specific purtK>ses. Restricted funds can only bc uscd lor particular rcstricted purposcs within the objects of thc ¢h8rity. Restrictions arise whcn specified by the donor or when funds are raiscd for particular restricted purposes. Further explanation of the nature and purpose of each nd 15 included in ih¢ notes lo th¢ fin8n¢ial stat¢menls. Hire purchase and leaslng commitments Rentals paid under operating Icascs are charged io the Siatem¢n¢ of Financial Activities on a straight lin¢ basis over the period of the le. Pension costs and other post-retirement benefits The charitable company operates a defined conrribution pcn5ion scheme. Contributions payable to ihe charilable company's pension scheme arc charged to Ihe Statemeni of Finan¢ial Activities in the period to whi¢h they relate. Page 7 continu¢d,..
Congress Theatre Comprdny Notes to the Financial Statements - continued for the Year Ended 31 March 2024 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Bar and catering 38.651 41,877 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 2.699 612 NET INCOMEI{EXPENDITURE) Net income/{expenditure) is stalcd after chargingl{cr¢diting)-. 31.3.24 31.3.23 Depreciation- owned assets Hire of plant and machinery 3,864 2,092 4,077 4,026 TRUSTEES, REMUNEKITION AND BENEFITS 'Ihere were no trust¢s' remuncration or oiher benefits for the year ended 31 March 2024 nor for the year cnd¢d 31 March 2023. Tru5tees' expenses There were no tNstee5' expen5¢5 paid for the year ended 31 March 2024 nor for Ihe year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was a5 follows= 31.3.24 3 l.3.23 Employ¢¢s No employees received ernoluments in excess of £60,000. TANGIBLE FIXED ASSETS Fixtures Plant and machinery fittings Totals COST At l April 2023 Addi¢ions 101.558 7.000 60.273 161.831 7,000 Ai 31 March 2024 108,558 60.273 168,831 DEPRECIATION Ai l April 2023 Charge for y¢8r 78,721 3,426 51.395 438 130,116 3.864 At 31 March 2024 82,147 51.833 133,980 IYET BOOK VALUE At 31 March 2024 26,411 8.440 34.851 At 31 Mar¢h 2023 22.837 8,878 3E.715 Page 8 continued...
Congress Theatre Company Notes to the Financial Statements- contlnued for the Year Ended 31 March 2024 STOCKS 31.3.24 31.3.23 Stocks 633 633 DEBTORS: AMOUNTS FALLISYG DUE WITHIN ONE YEAR 31.3.24 31.3,23 Trade debtors VAT Prepayments and accrucd income Prepaymenls 9.201 5.727 3,882 800 5,238 2,419 3.425 19,610 11.082 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Blk loans and overdrafts ($ee note I l) Trade ereditors AccTuals 8nd d¢forr¢d income 923 24,573 77,065 41,618 24.553 102,561 66.171 ii. LOANS An analysis of the maturity of loans is given below.. 31.3.24 31.3.23 Amounts falling due within one year on demand: Bank overdrafts 923 12. MOVEMENT IN FUNDS Net movement in thnds At 31.3.24 At 1.4.23 Unrestricted funds General fund 193,087 6,858 199,945 Restricted funds Youth Theatre 26,680 (951) 25,729 TOTAL FUNDS 219,767 5.907 225,674 Page 9 continu...
Congress Theatre Company Note$ to the Finaneial Statements - continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS - Continued Net movement in funds, included in the above are &s follows.. Incoming resources Resources expended Movement in fi]nds UThrtstrscted funds General fund 344.747 (337.889) 6,858 Restricted funds Youth Theatre 35,801 (36,752) (951) TOTAL FUNDS 380,548 (374,641) 5,907 Comparative5 for movement in funds Net movement in funds At 31.3.23 At 1.4,22 Unrestriettd funds Gcneral fund 190,801 2.286 193,087 Restricted funds Youth Theatre 37,697 (11,017) 26.680 TOTAL FUNDS 228,498 (8,731) 219,767 Cornparativ¢ net movement in fvnds, in¢luded in the abovc are as follows.. Incoming resources Resources expended Movement in funds Unrestrie¢ed funds Gcthcral fund 336,724 (334.438) 2.286 Restricted funds Youth Theatre 13.209 (24.226) (11.017) TOTAL FUNDS 349.933 {358,664) (8.731) A currenl year 12 months and prior year 12 months combined p051tion. is &8 follows-. Net movement in ndS At 31.3.24 At 1.4.22 Unrestrieted funds Genera] fund 190.801 9.144 199,945 Restricted funds Youth Theatre 37,697 (11,968) 25,729 TOTAL FUNDS 228,498 (2,824) 225.674 Page 10 continued...
Congress Theatre Company Notes to the Finaneial Statements- continued for the Year Ended 31 March 2024 12. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined nel movement in funds, in¢lud¢d in the above are as follows= Incoming resources Resources expended Movement in fvnds Unrestri¢ted funds General fund 681,471 (672.327) 9.144 Restricted fund¥ Youth Theatre 49,010 (60.978) (11,968) TOTAL FUNDS 730,481 (733.305) (2.824) 13. RELA TED PARTY DISCLOSURES Two members of the board are elected lo¢al authority councillors. The theatre is in receipt of grant monies from the local authority, who are also owners of the building. Two Tnembers of the hoard are clected community eouncillors with who the theatre is in receipt of grant monies. Pagell
CONGRESS THEATRE COMPANY REVENUE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 3110312024 3110312023 INCOME Incorng from Thaatro's Activities: Student fees received Tickets Sold Hirers Paid to Hirers Commisslon recelved from Hirers 2,550 209.316 {174,133} 35,183 188.703 1147.053) 41,649 Tlckets Sold Congress Prcmjuctions 158.822 149,994 Sale of tickets and commissions Hire of Theatre and facilities other income 194,005 26,122 191,643 10,957 817 220,127 205,967 Le55: Cost of productions (131,526) {129,414) 88.601 76.553 Subscrlpllon and Grants Members subscriptions Grants 1,784 53,700 67.300 55,484 67,353 Bar and Catoring Tradlng Account Sales 38,651 41,877 Less: Cost of sale5 (17,049) (17,0011 21,602 24,876 Other Income Donations Sponsorship Bank interest received Credit card charges Miscellaneous receipts 7.882 3,578 2,511 14.363 2,150 7.111 578 12,844 995 30,485 21,528 TOTAL INCOME 196,171 190,310
CONGRESS THEATRE COMPANY REVENUE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 EXPENDITURE Administrative Expenses Managerial fees Pension costs Training costs Licences and subscriptions Equipment rental Telephone and postage Computer costs Ticket commlssSon Printing and ststionery Volunteer expenses Sundry expenses Accounlanw and payroll work Independent Examlners remuneration Professlonal fees Bank and credil charges 87.032 3.192 70 1.464 2.860 7.191 81,550 2.657 365 1.613 4,332 4,719 874 10,125 2.940 11,637 5,712 258 406 4,220 1,000 448 3,952 1.000 35 6,074 5,819 132,725 120,684 Marketlng Expenses Advertlslng and publicity 2,163 2,132 Establishment Expenses Light and heat Insurance Repair5. maintenance and replacements Piano tuning and maintenan Cleaning and hygiene Input VAT not recoverable Depreciation Performlng Rights Society fees 10,658 2.796 9.041 10,687 2,266 27.390 210 17,543 18.665 2.316 3,835 7,114 4.043 3.068 54,424 65,208 TOTAL EXPENDITURE 189,312 188,024 NET (DEFicin FOR THE YEAR 6,858 2,286
CONGRESS THEATRE COMPANY REVENUE ACCOUNT- YOUTH THEATRE FOR THE YEAR ENDED 31 MARCH 2024 3110312024 3110312023 INCOME Incomo from Theatre's Activilies: Pupi15 fees CeIVed Tickets Sold Costume hire Other income 7,685 21.058 5,920 6,700 28,743 12,620 Less: Cost of productions Gost of trip {28,405) (12.225) 338 395 othar Income Donations and sponsorshlp Fund ralser Bank interest received 6.169 700 188 555 34 7,057 589 TOTAL INCOME 7,395 EXPENDITURE 4lministratlve Expenses Managerial fees Dan teacher Room hire Sundry expenses Insurance Depreciation 5.125 1,730 1,462 5,964 5,330 519 48 106 34 29 TOTAL EXPENDITURE 8.346 12,001 NET SURPLUS FOR THE YEAR 19511 111,0171